MACROWSNotes28.pdf - 109 Award 1.00 point Answer the...

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109. Award: 1.00 point 110. Award: 1.00 point Answer the question on the basis of this table showing the marginal benefit a particular public project will provide to each of the three members of a community. No vote trading is allowed. Voter Marginal Benefit Xavier $800 Yoho 800 Zest 100 If the tax cost of this proposed project is $600 per person, a majority vote will defeat this project and resources will be underallocated to it. pass this project and resources will be allocated efficiently. pass this project and resources will be overallocated to it. pass this project and resources will be underallocated to it. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-03 Appendix: Explain the difficulties of conveying economic preferences through majority voting. The political technique called logrolling always increases economic efficiency. always decreases economic efficiency. involves trading votes to secure favorable outcomes that otherwise could be rejected. is an example of the paradox of voting. References Multiple Choice
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  • Two '14
  • Macroeconomics, senator, Voting system, Plurality voting system, Senator K

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